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Infrastructure solutions provider AMSL has received a Rs 110 crore loan from the State Bank of India (SBI) for its Hyderabad project. The funding is for the establishment of the Integrated Plant for Ingenious Defence Systems (IPiDS) in Hyderabad. AMSL plans to set up a facility in Telangana at a cost of Rs 210 crore for defence product manufacturing.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

(This story has not been edited by THE WEEK and is auto-generated from a PTI

The manufacturing facility shall be built on around 5 acres of land with a total built-up area of 3,50,000 square feet.

The company has now approved the allotment of Rs 98.85 lakh in convertible warrants.